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RE: The hidden secret of how a bank account works
Taking off the gold standard was one of the biggest blows ever.
Heh..
You know what wwf? It's ironic how a "gold standard" coin was rising 80% this week in the middle of all this sea of red in Crypto.
Digix-Dao, interesting bugger, you should check it out.
Cheers
Indeed. The DJIA just fell over 2000 points in the last few days, 1500 today alone. Worst day in history they say. I wonder if the wheels are starting to fall off their wagon. My potatoes and tobacco will be worth more than gold, silver or fiat currency at some point. Mark my words!
I believe you... my father is telling me that for years as he works his fields. I believe him too... people dont NEED money, but they do NEED resources
My dad shared with me stories of the Great Depression. He was born in 37, but felt the after affects for years afterwards. He said that the farmers did just fine. They could grow food and they were okay. Those that really suffered were the ones in the cities. They could not find jobs and went hungry.
That happened when the ratio between urban and rural was about 50:50. Now it is 98:2. Only 2 out of 100 people grow food and the vast majority of them are commercial / industrial farmers heavily in debt. Should we have another great depression, it won't be like the one in the 30's. It will make the 30's look like a tea party!
That's an interesting perspective... The ratio's are really like that there? Wow... here in Portugal we still have a lot of tiny farmlands.
Consider yourself fortunate. Yes, the ratios are like that and any disruption in the infrastructure will be catastrophic. I am grateful that the corporate industrialization of farming has not swept the whole entire planet yet.
That is true, you cant eat fiat, gold or silver:) you could be extremely wealthy with lots of fiat gold and silver but still starve to death... makes you appreciate what is actually valuable :)
Indeed. <3